E.W. Scripps Co Expects Q3 Local Media Revenue Down Mid-Single-Digit Percent Range, Scripps Networks Revenue Down in the 10% Range
Portfolio Pulse from Benzinga Newsdesk
E.W. Scripps Co has projected a decrease in Q3 local media revenue by a mid-single-digit percent range, and a drop in Scripps Networks revenue by around 10%.
August 04, 2023 | 3:10 pm
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NEGATIVE IMPACT
E.W. Scripps Co's Q3 revenue is expected to decrease, which may negatively impact the company's stock price.
E.W. Scripps Co's projected decrease in Q3 revenue for both local media and Scripps Networks indicates potential financial instability, which could lead to a decrease in investor confidence and a subsequent drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100